Regulation Watch is a resource aimed at providing our members with updates on the activity of the sector's regulators, highlighting areas of specific interest.
Regulatory Priorities for Retail Banking: a thought provoking speech by Katrina McTeague, FCA Director of Retail Banking Supervision in which she discusses the need for increased competition and how this will benefit consumers.
RoboAdvice - an FCA perspective: A useful overview of the FCA's current line of thinking on Robo Advice given by Bob Ferguson, Head of Department, Strategy & Competition Division.
- understand retail banking business models in greater depth
- understand how free-if-in-credit banking is paid for
- understand the impact of changes such as increased use of digital channels and reduced branch usage on business models
The review will encompass retail banks, building societies and credit unions and focus is on business models and what conduct/competition concerns these models may create. The FCA has published its Purpose and Scope but no further update is expected until Q2 2018. Full details can be viewed here.
Live and Local to check if the FCA are running any events, in your area on a topic of interest follow this link to their website.